Accounting and Financial Reporting

Preparing an Annual Comprehensive Financial Report

In-Person Training

September 18, 2024

8:30 a.m.-4:30 p.m. CT

September 19, 2024

8:30 a.m.-Noon CT

GFOA Training Center
203 N LaSalle St, Suite 2700
Chicago, Illinois

  • Field of Study: Accounting (Governmental)
  • Credits: 12
  • Prerequisite: Accounting and financial reporting professionals with at least two years of experience or equivalent
  • Status: This event has availability.

The program is designed to familiarize participants with the format and contents of an annual comprehensive financial report (ACFR) prepared in accordance with generally accepted accounting principles (GAAP) and GFOA’s Certificate of Achievement award program criteria. Attendees will examine in detail each section of an ACFR, in order to understand the required format and necessary information to be included in each. Each training module will focus on specific sections of an ACFR and feature both presentation and interactive discussion/exercises.

Who Will Benefit: CFO Finance Director, Controller, Accountant

Learning Objectives:
  • Identify the three basic sections of an annual comprehensive financial report and the essential components of each,
  • Differentiate basic financial statements, required supplementary information, and other supplementary information within an annual comprehensive financial report,
  • Identify the appropriate elements of a letter of transmittal,
  • Identify the appropriate elements to include in management’s discussion and analysis,
  • Format each of the basic financial statements,
  • Classify data in each of the basic financial statements,
  • Properly apply commonly misunderstood note disclosure requirements,
  • Prepare required supplementary information,
  • Format combining and individual fund statements, and
  • Prepare required statistical presentations.

  • Member Price: $472.50
  • Non-member Price: $666.00